Bank of England

United Kingdom of Great Britain and Northern Ireland

Governments

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Mission

Founded in 1694, the Bank of England is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.

The organization has no registered commitments.

The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.

Latest additions

Items: 10

Themes

Hazards

Country and region

Content type

Publication year

Publication

16 March 2023

Bank of England report on climate-related risks and the regulatory capital frameworks

This report sets out the Bank's latest thinking on climate-related risks and regulatory capital frameworks. The report includes updates on: capability and regime gaps; capitalisation timelines; and areas for future research and analysis.

Publication

5 October 2022

The effects of subsidised flood insurance on real estate markets

This paper investigates the effects of a reinsurance scheme which lowers insurance premiums for at-risk properties, leveraging a granular data set of all property transactions and flooding in England.

Publication

26 May 2022

Results of the 2021 Climate Biennial Exploratory Scenario (CBES)

The Bank of England (Bank) has published the results of the Climate Biennial Exploratory Scenario to explore the financial risks posed by climate change for the largest UK banks and insurers (participants).

News

9 June 2021

Bank of England publishes the key elements of the 2021 Biennial Exploratory Scenario: Financial risks from climate change

The Bank of England published the Climate Biennial Exploratory Scenario to explore the financial risks posed by climate change for the largest UK banks and insurers.

Publication

24 May 2019

A framework for assessing financial impacts of physical climate change: A practitioner’s aide for the general insurance sector

Changes to the global climate will pose an increasing risk to the general insurance industry over the coming decades.

News

18 April 2019

Open letter on climate-related financial risks

This open letter reminds policymakers and the financial sector of the four recommendations from the NGFS's first comprehensive report: Integrating the monitoring of climate-related risk, integrating sustainability into portfolio management, bridging data gaps to enhance the risk assessment, and knowledge sharing with other stakeholders.

Publication

26 January 2019

Climate change and the macro-economy: a critical review

Climatic factors can directly affect economic outcomes such as output, investment and productivity, and understanding the economic consequences of climate change is becoming a necessity not just for climate economists but also for a wider range of

Publication

17 January 2019

Transition in thinking: The impact of climate change on the UK banking sector

This report examines the financial risks from climate change that impact UK banks, building societies and Bank of England Prudential Regulation Authority-designated investment firms.